My wife’s ex-boyfriend (fiancé at one point too) died a few months ago. Guess who was the sole beneficiary on his life insurance policy?

On Feb 7, 2019

State Farm, 50k. She’s meeting with her agent today to discuss payment.

It’s my understanding that State Farm deposits the funds into the “State Farm bank” and issues a sort-of set of starter checks that you can use at your regular bank for transactions.

Question: She has ~45k in student loans. We owe ~60k on our mortgage. If we intended to move in the next 3 or so years would it make more sense to pay down the mortgage or should she just pay off the student loans?

Edit: Thanks for the replies. I’d appreciate if one of the mods could go ahead and lock the thread, please.